What is Radicle? Details about the Radicle project and the RAD . token

• Overview of Radicle
• What is Radicle?
• Radicle's Highlights
• How Radicle Works
• Some differences of Radicle
• Features of Radicle
• Investors
• Development team
• Tokenomics of the project
• What is RAD Token?
• Functions of the RAD . token
• More updates on current RAD tokens
• summary

Overview of Radicle

What is Radicle?

The Radicle project is a decentralized collaboration network platform, built on open protocols such as GitHub and GitLab. Relying on smart contracts instead of administrators, Radicle allows developers to code, work, and fundraise, and to set their own rules and authorities around their codebase.

Designed with the same capabilities as GitHub (aka Forges), Radicle retains the peer-to-peer nature of Git, while building on the inherent strengths of GitHub. That's why Radicle is superior when distributed versions can be controlled from the start.

In particular, Radicle is designed to integrate with Ethereum – a set of open source smart contracts. Radicle's goal is to be able to harness the strengths of both Ethereum and DeFi to provide developers with a way to own their collaboration infrastructure. Thereby, Radacile users can link their identities to their Ethereum accounts through the Radicle Upstream app.

The ultimate goal that the Radicle project founders have is to eliminate middlemen, creating a powerful peer-to-peer ecosystem with full functionality and security.

Radicle's Highlights

From the very beginning of the design of this project, the Radicle founding team focused on the indispensable values ​​of free and open source collaboration. Meeting these values ​​has helped Radicle have hard-to-replace highlights. Specifically:

• Prioritize user freedom: Allow users the freedom to launch, copy, distribute, study, change, and improve the software. 
• Accessible and immutable: Users can access or use the software or share content that no one can prohibit. All information will be audited and transparent. On the user side, they are also free to control their interactions or the content they view on an individual basis.
• User-friendly: The software is easy to use and does not require users to change their behavior. The functions of the software can meet the standards of modern platforms.
• The first offline software: Radicle does not require users to have internet access, DNS or a smartphone to run the software. There will not be any errors when users use it offline. Users can access Radicle at any time.
• High security: No need for third parties or intermediaries, every action on the system will be authenticated by cryptographic signatures and verified.

How Radicle Works

Radicle's network is powered by Radicle Link - a peer-to-peer replication protocol. Radicle Link has a generic distributed version control backend that is universal enough to be used on different systems. However, Radicle Link's primary goal is to be usable on Git.

Basically, Radicle uses Git as a database, which can be hosted or shared not through a server. Repositories on the Radicle network are called “projects” and are distributed by “peers”.

In the Radicle network:

• Peers will follow peers
• Peers will follow projects that interest them
• The peer will distribute the project. This means that peers will copy updates from peers they follow or from projects they are interested in.

The Git implementation in Radicle was created to motivate the creator to provide all the data needed to resolve and verify the repository, while reducing latency by eliminating unnecessary queries. and fetch Git as much as possible.

Some differences of Radicle

Radicle adopts the Scuttlebutt overlay model by setting up a peer-to-peer replication layer on distributed control systems, starting with Git. User accounts and credentials are replaced with public key cryptography, trackers are replaced with local peer-to-peer replication, and the problem of upstream upstreams is replaced by a peer-to-peer model, or “ bazaar” is patch-based.

To further improve this alternative, Radicle has an ordered consensus registry that stores the standard project metadata. This allows projects to freeze critical information while maintaining global availability and immutability.

For Radicle, the project has some outstanding differences as follows:

• Peer-to-peer networking: Peer-to-peer networking makes it much easier for developers and maintainers to develop not only sharing, but also more easily trusting the up-to-date state of a project-based project. on actual source code and secure peer-to-peer identity.
• Efficient Git Distribution: By building a peer-to-peer overlay on top of Git, Radicle provides not only an efficient solution, but also a better adaptive solution for federated codes. Issues, comments, and reviews become local artifacts that are cryptographically signed and interactable offline.
• Protocol is not a platform: Regardless of whatever front-end interface is built, Radicle exists first and foremost as an open protocol – not a platform.

Features of Radicle

Built on Ethereum, Radicle users enjoy various features:

• Global names: With this feature, users will be able to register unique names with the ENS registrar in the radicle.eth domain for their profile or organization. This name will allow other users to recognize you not only within the Radicle network but throughout the global Ethereum network.
• Radicle Funding: A feature that allows developers new ways of supporting their open source work, using Ethereum's decentralized financial infrastructure, creating a source for ongoing support for open source projects.
• Decentralized Orgs: Smart contracts on Radicle will replace administrators. As noted above, this feature allows users to set their own rules and authorities around their codebase. By shaping the framework for DAOs and multi-sigs in the context of code collaboration, Radicle brings decentralized organizations to the main developer, allowing anyone to take control of their codebase. .

Investors

At its inception, the Radicle project raised $12 million in a Private Sale round by allocating 8 million RAD tokens at $1.50 per RAD token. For the funding round, NFX and Galaxy are the two leading investors. The project also received many other investment sources such as Placeholder, Electric Capital and ParaFi Capital and angel investors Naval Ravikant, Balaji Srinivasan, Meltem Demirors also participated. 

Up to now, the project has received additional funding from many other investment organizations such as Coinbase Ventures, CoinFund, Haskey, Parafi Capital, Galaxy Digital, Fabric Ventures, Blueyard Capital...

From February 25-27, 2021, the Radicle project launched the Radicle Liquidity Bootstrapping Event for the Radicle participating community. With 3,750,000 RAD (3.75% token supply) for buyers with a starting price of $11.50 (in USDC). The price ranged from $9.76 to $28 in two days of sale, in which the average selling price was 15.40/RAD. LBP has raised 24,774,879 in USDC.

In addition to the above funding sources, the project has also received support from the SEEDERS PROGRAM program. This is a program organized by Radicle that allows to build a powerful “root network” that aims to support the growing decentralization of the Radicle network among the community. Current participants include individuals from Aave, Synthetix, Uniswap, Gnosis Safe, The Graph, Gitcoin, dxDAO, Optimism, Interchain Foundation, dOrg, Curve Labs, Ceramic Network, Informal Systems, Vega Protocol, Celo Foundation, Fleek, Status, CoinMarketCap, Web3 Foundation…

Development team

The Radicle project is developed by the Radicle Foundation. In addition, currently, there is no further information about the project development team.

RAD . token overview

What is RAD Token?

The Radicle project uses the RAD token as the governance token of the ecosystem.

• Total supply: 100,000,000 RAD . tokens
• Current circulating tokens: 21,273,974 tokens
• Blockchain Network: Ethereum (ERC20)

With a total supply of 100,000,000 RAD, the Radicle team plans to allocate tokens as follows:

• 50% for community treasury, equivalent to 50,000,000 RAD (4 years amortization)
• 19% for Radicle team, equivalent to 19,000,000 RAD (1 year course, 4 years amortization)
• 20% for Early Supporters, equivalent to 20,000,000 RAD (1 year course)
• 5% for project establishment, equivalent to 5,000,000 RAD (1 year course)
• 2% for seed program, equivalent to 2,000,000 RAD (1 year course)
• 4% for Bootstrap liquidity, equivalent to 4,000,000 RAD

Functions of the RAD . token

The RAD token used in the Radicle network has the following basic functions:

• Get a discount or free for interacting with Radicle's Ethereum-based protocols
• The right to participate in the governance (through voting and proposals) of the Radicle smart contract system. 

More updates on current RAD tokens

• Current Marketcap: 246.125,000.91 (According to Coinmarketcap statistics)
• Current Marketcap Rank: 280 (According to Coinmarketcap statistics)
• ROI growth in 6 months: +75.20% (from 09/06/2021)

summary

Believing that reliance on corporations and centrally hosted platforms to distribute the source infrastructure is unsustainable, the Radicle development team built the platform as an alternative to ensure ensure the security and transparency of the databases. Since launching in Beta last December to date, Radicle has more than 1,000 user-initiated projects on the network and has attracted considerable interest from across the Web3 ecosystem. This promises to be a successful project and is chosen by many users.

All information about the project, interested investors can see at:

Project Information | Discord | Forum | Matrix | Reddit | Telegram | Twitter | Blog | GitHub | Medium

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